Jocelyn Sumiyoshi Rehab Deal

 

Jocelyn Sumiyoshi Rehab Deal

Generations Realty LLC in Azusa, CA
Jocelyn Sumiyoshi with Marissa Marquez

The deal was off the MLS. It was a 2 bedroom 1 bathroom condo next to a golf course. The purchase price was not bad. The down payment was funded by my own 401 and the rest was a conventional loan from a bank. The HOA took care of the outside so I just have to do a cosmetic fix on the inside. My lease was expiring and this came so even though the profits were slim mortgage is less than my rent so the savings plus the experience makes it worthwhile for me.

Rehab Details

Property City: Azusa
Purchase Price: $26,000
Repair Costs $13,000
Holding Costs: $9,085
Sale Price: $310,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

I was not fully confident that I was ready but I know that my fellow mastery students as well as the coaches and FortuneBuilders will have my back should the need arise which fortunately it did not.




Before & After Photos